Global Backpack Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.

The global backpack market was valued at USD 18 billion in 2019 and is expected to reach USD 22 billion by 2026, expanding at a CAGR of around 6% during the forecast period, 2020–2026. With the increasing adoption of mobile lifestyles by more customers, the importance of technical features increases. House used to act as a go to hub previously, a large number of individuals spend a lot of time outside home without returning, before night. Many backpacks are already built with travel in mind, over the last few years adventure sports and recreational activities have witnessed a significant increase in number of participants contributing to the growth of the market.

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A backpack also known as sackpack, bookbag, rucksack, backsack, or knapsack is a simple form, a cloth sack which is carried on an individual’s back and fitted with two straps which goes over the shoulders. A backpack can have internal frame, external frame, and are bodypacks. Backpacks are used to carry things in it, and comprises of a number of compartments which can be used to carry things around. Hikers and students are the common users for backpack and are preferred over handbags to carry heavy equipment and loads, due to the limited capacity of handbags for carrying heavy loads. Backpacks are made of straps of nylons and ultra-strong nylon materials. Most famous materials used for backpack are polyester and nylon. Durable bags can also be made from heavy fabrics like canvas which can be used for a long time. Leather can also be used to make backpacks but drives up the backpack price.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing activities such as camping and hiking are major factors contributing to the growth of the market.
• Considerable growth in recreational activities is expected to positively influence the market growth.
• Growing tourism industry is expected to drive the growth of the market during the forecast period.
• Innovations such as USB port, GPS, and bluetooth enabled locks are influencing the demand for backpacks, thereby driving the market growth
• Increasing trend for styling by individuals is driving growth of the market during the forecast period.
• Rising preference of durable and lightweight backpacks for better comfort and convenience is expected to contribute to the growth of the market.

Competitive Landscape:

Major companies in the global backpack market include Adidas, Toread, Sierra Designs, Winprad, Kelty, WENGER, Mountain Hardware, Marmot Mountain, Caarany, High Sierra, OIWAS, Deuter Sports, Osprey Packs, Nike, Gelert, Samsonite, Wildcraft, AMG Group, and Gregory Mountain Products. The competition on global backpack market is highly intense and competitors use strategies such as collaborations, ventures, partnerships, acquisitions, new product launches, and agreements to gain new market share.

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The global backpack market has been segmented on the basis of

Types

• 15–35 Liters Capacity
• 36–60 Liters Capacity
• Above 60 Liters Capacity

Applications

• Men
• Women
• Kids

Regions

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America

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Table of Contents

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Backpack Market Overview
5. Global Backpack Market Analysis and Forecast by Type
6. Global Backpack Market Analysis and Forecast by Application
7. Global Backpack Market Analysis and Forecast by Sales Channel
8. Global Backpack Market Analysis and Forecast by Region
9. North Backpack Market Analysis and Forecast
10. Latin Backpack Market Analysis and Forecast
11. Europe Backpack Market Analysis and Forecast
12. Asia Pacific Backpack Market Analysis and Forecast
13. Middle East & Africa Backpack Market Analysis and Forecast
14. Competition Landscape

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